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Bitcoin entrepreneur Kain Warwick is proving to be one of the best buyers in Sydney’s beachside eastern suburbs since the cryptocurrency boom, securing luxury houses from North Bondi to Tamarama and now Bronte for a total of $33.25 million.
The most recent purchase by the 40-year-old founder of derivatives trading platform Synthetix is the Bronte home of online gambling website founder Joshua Chan for $12.2 million – rumoured to be a home for his parents, Allana and Kim Warwick, the latter of whom is the renowned tennis legend and six-time grand slam champion.
Warwick’s purchase in a company name he owns with his wife Raphaella almost triples the $4.55 million Chan paid for the house in 2012 and was well above the $9.5 million guide offered by Raine & Horne’s Ric Serrao and PPD’s Alexander Phillips.
Tesserent invests in cyber security startups TrustGrid and AttackBound
Tesserent invests in cyber security startups TrustGrid and AttackBound
Involves a 25 per cent stake in the startups through a mix of cash and shares. Credit: Dreamstime
Publicly listed cyber security services provider Tesserent has revealed its Innovation arm has made investments in cyber security startups TrustGrid and AttackBound.
This marks Tesserent Innovation’s first step in investing in globally applicable proprietary IP and involves a 25 per cent stake in the start-ups, which is funded through a mix of $1.5 million in cash and $1.5 million in shares at a purchase price of $0.2345 per share.
Cybersecurity services provider Tesserent has acquired a 25 percent stake in identity solutions specialist TrustGrid and cyber intelligence platform Att.
ASX-listed security services firm Tesserent has completed its $10 million acquisition of Sydney managed services provider Secure Logic.
Tesserent said the deal adds Secure Logic’s $9 million turnover run rate and $4.2 million in earnings to its own balance sheet, as well as bolstering its government capabilities.
The deal was first announced in March, with Secure Logic joining Tesserent s Government practice group. Tesserent also became the strategic partner of ex-Secure Logic CEO Santosh Devaraj s new venture, TrustGrid.
The development comes as Tesserent reported record earnings, revenue and cash flow for the quarter ended 31 March 2021.
Tesserent saw its operational EBITDA increase to $1.7 million, up 21.4 percent year over year from $1.41 million.
TrustGrid unveils digital vaccine passport for identity authentication and vaccination status
TrustGrid announced a new use case for its platform to provide citizens with a secure digital vaccine passport that can be stored on their smartphone.
TrustGrid has been used for the last five years by the Australian state government to secure a digital driver’s license ecosystem.
Designed using distributed ledger technology, TrustGrid is an opt-in system where citizens can authenticate their identity and vaccination status and receive a QR code to show as proof of vaccination.
Any personal information is encrypted and stored in such a way that it is inaccessible without permission.